Cna Financial Corp (CNA) EVP Sells $542,117.34 in Stock

Cna Financial Corp (NYSE:CNA) EVP Larry A. Haefner sold 11,358 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $47.73, for a total value of $542,117.34. Following the completion of the transaction, the executive vice president now owns 58,007 shares of the company’s stock, valued at $2,768,674.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE CNA traded up $0.30 during midday trading on Friday, hitting $48.27. 314,108 shares of the company’s stock were exchanged, compared to its average volume of 252,418. The company has a current ratio of 0.24, a quick ratio of 0.25 and a debt-to-equity ratio of 0.23. Cna Financial Corp has a 12 month low of $41.92 and a 12 month high of $55.39. The company has a market capitalization of $12.97 billion, a P/E ratio of 14.28, a P/E/G ratio of 2.28 and a beta of 1.05.

Cna Financial (NYSE:CNA) last released its quarterly earnings results on Monday, November 5th. The insurance provider reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.10. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Cna Financial had a return on equity of 9.91% and a net margin of 11.00%. During the same period last year, the firm posted $0.58 EPS. Analysts predict that Cna Financial Corp will post 4.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $1.40 annualized dividend and a yield of 2.90%. Cna Financial’s payout ratio is currently 41.42%.

A number of research firms have weighed in on CNA. Zacks Investment Research upgraded Cna Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. ValuEngine downgraded Cna Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd.

A number of large investors have recently added to or reduced their stakes in CNA. UBS Group AG lifted its holdings in Cna Financial by 38.4% during the 1st quarter. UBS Group AG now owns 28,391 shares of the insurance provider’s stock worth $1,402,000 after purchasing an additional 7,879 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in Cna Financial by 43.9% during the 1st quarter. Allianz Asset Management GmbH now owns 657,337 shares of the insurance provider’s stock worth $32,439,000 after purchasing an additional 200,582 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in Cna Financial by 42.6% during the 2nd quarter. Raymond James Trust N.A. now owns 6,019 shares of the insurance provider’s stock worth $275,000 after purchasing an additional 1,799 shares during the last quarter. James Investment Research Inc. lifted its holdings in Cna Financial by 5.1% during the 2nd quarter. James Investment Research Inc. now owns 39,970 shares of the insurance provider’s stock worth $1,826,000 after purchasing an additional 1,940 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Cna Financial during the 2nd quarter worth approximately $309,000. 99.52% of the stock is owned by institutional investors and hedge funds.

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Cna Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.

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